# Ag. Economics-4

Q.1
The main objective of product-product relationship is___________.

cost minimization
profit maximization
resource optimization

Q.2
The management decision associated with factor-product analysis is ________.
how to produce?
what to produce?
how much to produce?

Q.3
The management decision associated with factor-factor analysis is _________.
how to produce?
what to produce?
how much to produce?

Q.4
The management decision associated with product-product analysis is _______.
how to produce?
what to produce?
how much to produce?

Q.5
In classical production function, the point of inflection is where ____ is maximum.
TP
AP
MP

Q.6
In classical production function, the zone-II starts at the point where _______.
AP >MP
AP=MP
AP

Q.7
In classical production function, when TP is maximum, MP will be _______.

positive
negative
zero

Q.8
In three zones of production, which zone is rational zone?
Zone-I
Zone-II
Zone-III

Q.9
In three zones of production, which zone represents increasing returns?
Zone-I
Zone-II
Zone-III

Q.10
In three zones of production, which zone represents decreasing returns?
Zone-I
Zone-II
Zone-III

Q.11
In three zones of production, which zone represents negative returns?
Zone-I
Zone-II
Zone-III

Q.12
Which of the following is always a straight line?
iso-cost line
iso-revenue line
Both

Q.13
The line that represents all possible combinations of two inputs that can be purchased with the given amount of money is called __________.
iso-cost line
budget line
Both

Q.14
The curve that represents all possible combinations of two products that can be produced with given amount of resources is known as ________.
production possibility curve
production frontier
Both

Q.15
Generally, the iso-quant Curve is __________to the origin.
concave
convex
both

Q.16
Generally, the production possibility curve is ____________ to the origin.
concave
convex
both

Q.17
Production of one without the other is not possible is known as _______ products.
joint
complementary
supplementary

Q.18
Two products are ___________when with a change in the level of one, the other also changes in the same direction.
joint
complementary
supplementary

Q.19
Two products are _________ when change in level of one product does not affect the production level of the other product.
supplementary
complementary
joint

Q.20
Two products are said to be ________, when increase in the production of one results in decrease in the production of the other and vice-versa.
complementary
supplementary
competitive

Q.21
Production of cotton and cotton-seed is an example of ___________ products.
joint
complementary
supplementary

Q.22
If maize is grown after gram, it is an example of _____________ products.
joint
complementary
supplementary

Q.23
Growing paddy along with a small dairy farm is a case of ____________ products.
joint
complementary
supplementary

Q.24
Growing maize in kharif and wheat in winter is a case of ____________ products.
joint
complementary
supplementary

Q.25
Cotton and Sugarcane crops are example of _____________ products.
joint
complementary
competitive

Number of score out of 25 = Score in percentage =

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